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Cash Management Associate

Company: Grant Thornton LLP
Location: Downers Grove
Posted on: June 6, 2021

Job Description:

Grant Thornton LLP (Grant Thornton) is the U.S member firm of Grant Thornton International Ltd., one of the world's leading organizations of independent audit, tax and advisory firms. We've never been a typical professional services firm. We put people first, and that is what sets us apart.

As one of the fastest-growing professional services firms in the world, Grant Thornton LLP is continuously seeking top talent. Discover a place where you'll work with a team of professionals, dedicated to providing bold leadership and distinctive client service. Spend each day engaged in meaningful and challenging work. Be supported in your professional growth and recognized for your contributions.

Purpose of the Position:

The Cash Management Associate is responsible for the data entry of cash receipts and related payment research, certain Treasury activities such as wire transfer creation or approval, and other tasks that support the centralized Treasury / Cash Application function.

Essential Job Duties and Responsibilities:

  • Timely and accurate application of a high volume of lockbox cash receipts. Payments may be simple or complex (short pays, multiple bill payments, 3rd party payors).
  • Posting of unidentified cash to clearing accounts; follow up as necessary / team with others in Finance and Accounting ("F&A") and the firm to clear such items.
  • Interact with various F&A and other personnel across the firm to obtain information necessary to complete responsibilities.
  • Monitor shared email box to respond to requests; research and respond timely to requests to reapply or cancel cash receipts, to provide proof of payment, and general questions.
  • Access and file high volume of electronic remittance detail provided by clients; use online bank portals to access and save monthly bank statements; adhere to departmental standards regarding electronic and paper documentation as applicable.
  • Process client payments via credit card.
  • Prepare monthly reports for lockbox metrics.
  • Responsibility for remote check deposit process.
  • Review and respond to requests to receive electronic (ACH) payments.
  • Enter or approve outgoing wire transfers as needed.
  • Takes responsibility for project load, while being able to appropriately communicate with supervisors (Treasury Senior and Associate Director) to ensure agreement on direction of the project, status, issue and issue resolution.
  • Provide backup support for other personnel within the department as necessary.
  • Systems testing for finance and accounting systems.
  • Special projects as needed; perform other job-related duties as necessary.
  • Adhere to the highest degree of professional standards and strict confidentiality in matters that require discretion.

Key Requirements:

  • 3-4 years' experience with complex cash applications in a high volume setting as well as Treasury experience.
  • High school degree minimum; college courses a plus.
  • Adept at using Microsoft Office suite of software programs (Excel, Word, etc.) and adept at learning new software programs; experience with CMS (Aderant) a plus. Comfortable using internet / online banking software, and experience with image enabled lockboxes.
  • Excellent verbal and written communication skills; ability to compose correspondence and convey necessary information regarding client payment issues clearly and professionally.
  • Outstanding organizational and time management skills; ability to work under pressure and meet daily deadlines.
  • Strong commitment to customer service. Interpersonal skills to deal with a wide variety of internal customers.
  • Able to work both independently and as a member of a team.
  • Results-oriented; takes initiative.
  • High degree of accuracy and strong attention to detail.
  • Flexible, willing to work additional hours when needed.


Grant Thornton LLP promotes a nationally recognized culture of health and offers an extensive array of benefits to meet individual lifestyles. For a complete list of benefits please visit

It is Grant Thornton's policy to promote equal employment opportunities. All personnel decisions, including, but not limited to, recruiting, hiring, training, promotion, compensation, benefits and termination, are made without regard to race, creed, color, religion, national origin, sex, age, marital status, sexual orientation, gender identity, citizenship status, veteran status, disability or any other characteristic protected by applicable federal, state or local law.

For Los Angeles Applicants only: We will consider for employment all qualified Applicants, including those with Criminal Histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance.

Keywords: Grant Thornton LLP, Downers Grove , Cash Management Associate, Other , Downers Grove, Illinois

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